Before the Bell Scans: The Bank of New York Mellon Corp., Progressive Corp., Apollo Investment Corp., and Deutsche Bank AG

LONDON, October 11, 2013 /PRNewswire/ --

The U.S. equity market posted significant gains on Thursday, October 10, 2013, with the S&P 500 and the Dow Jones Industrial Average rising 2.18% each, and the NASDAQ Composite gaining 2.26%. Shares in the financial sector also edged higher, tracking gains in the broader market. The major movers in the sector included The Bank of New York Mellon Corporation (NYSE: BK), The Progressive Corporation (NYSE: PGR), Apollo Investment Corporation (NASDAQ: AINV), and Deutsche Bank AG (NYSE: DB). All these companies are tracked by AAAResearchReports.com. Free technical research on BK, PGR, AINV, and DB can be downloaded upon signing up at:

http://www.aaaresearchreports.com/register/  

Shares in The Bank of New York Mellon Corp. surged on Thursday, extending the gains from the previous trading session. The company's shares traded between $30.19 and $30.81 before finishing the day 3.46% higher at the intra-day high of $30.81. A total of 5.00 million shares were traded, which is above the daily average volume of 4.50 million. The Bank of New York Mellon Corp.'s stock has gained 1.92% in the previous three trading sessions and 5.05% in the last three months, compared to a gain of 0.98% and 2.42% in the S&P 500 during the respective periods. Further, the company's shares are trading above their 50-day and 200-day moving averages of $30.68 and $28.96, respectively. Sign up today to read free research report on BK at:

http://www.AAAResearchReports.com/BK101113.pdf

The Progressive Corp.'s stock rose 1.55% on Thursday, reversing all the losses from the previous trading session. The company's shares oscillated between $26.63 and $26.94 before finishing the day at the intra-day high of $26.94. A total of 3.58 million shares were traded, which is above the daily average volume of 3.18 million. The company's shares have gained 3.70% in the last one month and 3.54% in the previous three months, outperforming the S&P 500 which has advanced 0.51% and 2.42% during the respective periods. Furthermore, the Progressive Corp.'s stock is trading near its 52-week high of $27.55 and above its 50-day and 200-day moving averages of $26.10 and $24.97, respectively. Register to download free technical analysis on PGR at:

http://www.AAAResearchReports.com/PGR101113.pdf

On Thursday, shares in Apollo Investment Corp. edged higher to end the day at $8.25, which is 1.85% higher than the previous day's closing price of $8.10. The company's shares fluctuated between $8.15 and $8.28 during the trading session. A total of 1.77 million shares were traded, which is above the daily average volume of 1.70 million. Apollo Investment Corp.'s shares have gained 1.54% in the previous three trading sessions and 2.10% in the last three months, compared to a gain of 0.98% and 2.42% in the S&P 500 during the respective periods. Moreover, the company's stock is trading above its 50-day moving average of $8.10. A free report on AINV can be accessed by registering at:

http://www.AAAResearchReports.com/AINV101113.pdf

Deutsche Bank AG's stock rose 3.95% on Thursday, extending the gains from the previous trading session. The company's shares vacillated between $47.11 and $47.89 before closing the day at $47.85. A total of 1.70 million shares were traded, which is above the daily average volume of 0.95 million. The company's shares are up 3.37% in the previous three trading sessions and 11.88% in the last three months, outperforming the S&P 500 which has advanced 0.98% and 2.42% during the respective periods. Additionally, Deutsche Bank AG's stock is trading above its 50-day and 200-day moving averages of $45.73 and $45.40, respectively. Register with AAA Research Reports and download the research on DB for free at:

http://www.AAAResearchReports.com/DB101113.pdf

----

EDITOR NOTES:

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE AAA Research Reports